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Hewlett-Packards (HP) expected earnings per share are $0.80. The required rate of return for HP...

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Finance

Hewlett-Packards (HP) expected earnings per share are $0.80. The required rate of return for HP is 15%. HPs ROE is 18% and plowback ratio is 25%. Using the constant-growth dividend discount method, calculate the firms intrinsic value. Give your answer to the nearest cent (i.e. two decimal places).

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